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Delia’s disappoints in Q1, names new CEO

BY Katherine Boccaccio

New York — Delia’s reported Thursday that its loss more than doubled year-over-year, as the multichannel retailer lost $9.2 million in the quarter ended May 4, compared with a loss of $4.3 million last year.

Revenue slid 15% to $35 million, and same-store sales fell 7.1%. Amid the disappointing results, the company has appointed Tracy Gardner as CEO, effective June 5, moving over from his current position as COO.

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Fred’s Q1 profit rises 9%

BY Staff Writer

Memphis — Fred’s Inc. said Thursday that profit for the quarter ended May 4 rose 9% to $11.4 million, from $10.5 million last year. Results topped Wall Street forecasts.

Revenue edged up to $501.5 million from $500.5 million, beating analysts’ estimated $499.5 million in revenue. Same-store sales dipped 1.3%.

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Fayetteville is next stop for Walmart, Operation Homefront

BY CSA STAFF

Fayetteville, N.C., is the next stop for Walmart’s Saluting Heroes Together campaign, which together with Operation Homefront, aims to honor the men and women who have served or are currently serving in the military, as well as their families.

This latest event will run from 11 a.m. to 2 p.m. Saturday, June 1, at the Walmart supercenter located at 7701 S. Raeford Rd., and comes on the heels of Walmart’s launch on Memorial Day to hire 100,000 veterans throughout the next five years. Lunch and giveaways will be provided by Walmart and Sam’s Club suppliers, including Johnsonville’s World’s Largest Grill.

"Walmart and the military are very similar when you look at the emphasis on teamwork and service as essential elements to success," said Samuel Adams, a Raeford Walmart assistant manager and former member of the Army National Guard. "Those similarities made the transition easy for me, and as a former member of the military, I utilize the skills I learned in the service every day in my new role and know that other veterans do as well," he added. "I’m grateful for the veterans’ hiring commitment because I believe it’s a win-win for our veterans and our company."

"Operation Homefront is committed to supporting the families of our service members and wounded warriors in North and South Carolina and throughout the country," said Holly Cummings, executive director, Operation Homefront, Carolinas. "We are proud to continue our partnership with Walmart and Sam’s Club, and are honored to take part in the Saluting Heroes Together events that will help strengthen community support for those who have served and sacrificed to provide opportunity for us."

In North Carolina, the Walmart Foundation recently contributed $25,000 to Support Military Spouses’ Shoeboxes for Military Spouses Program and $40,000 to StepUp Ministries’ Well-Fed Families and Veterans Programs.

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